Turkmenistan accuses "Gazprom" of distorting country's gas reserves

Turkmen Foreign Ministry claimes that the Russian JSC "Gazprom" distorts data on Turkmenistan's natural resource potential, Trend reports.

Explosion on the Iranian-Turkish gas pipeline

A powerful explosion has occurred on the Iranian-Turkish gas pipeline. It is the second explosion to occur on this pipeline. This time it took place near the Iranian border on the Turkish side. Fire brigades are continuing to fight the fire.A similar incident last time caused a full stoppage of gas deliveries to Turkey, following which Russia's "Gazprom" increased imports of gas to Turkey from 14 to 22 million cubic meters, reports ITAR-TASS.

SOCAR and "Gazprom" deciding the price of gas for next year

The State Oil Company of Azerbaijan and Gazprom are holding negotiations to decide the cost of gas in 2011, reports Trend, referring to Russian trade representative Yuri Shedrin.According to him, the price has not yet been set and negotiations are still in progress. This year a billion cubic meters of gas will be exported to Russia. Next year 2 billion will be exported.According to the treaty, signed on the 14th of October in Baku, Azerbaijan will export to Russia no less than 500 million cubic meters a year from 2010 to 2014.

State Oil Company of Azerbaijan (SOCAR) enters Ukrainian retail market

State Oil Company of Azerbaijan (SOCAR) enters Ukrainian retail market. SOCAR's first petrol station in Ukraine started working in test mode on August 7th in Odessa, reports Turan. The station sells high-octane fuel from Romania and Lithuania and EN590 standard fuel.The official entry into the retail market of the Odessky region is planned for September, a SOCAR representative said.

Capital expenditure on Baku-Tbilisi-Erzurum gas pipeline will rise this year

According to a report by the company BP Azerbaijan today, the amount of gas going through the Baku-Tbilisi-Erzurum pipeline was 15 million cubic meters a day, Business Georgia reports. Gas transit volumes were the same as last year.The report also says that capital expenditure last year came to $7 million, with $12.7 million planned to be spent this year. The 700 kilometre-long pipeline transports gas from Azerbaijan's "Shah Deniz" fields to Turkey and Georgia.11.08.2010

Prime minister Putin and his Bulgarian colleague discussed the "Southern stream perspectives"

Russian Prime Minister Vladimir Putin and his Bulgarian counterpart Boyko Borisov discussed the South Stream gas pipeline in a telephone call. The two leaders also discussed the issue of fighting the fires that have spread across much of the central European part of Russia.

Georgia considering SOCAR offer to buy part of Russian-Armenian gas pipeline.

Georgia considering SOCAR offer to buy part of Russian-Armenian gas pipeline.

Socar opens new gas stations in Georgia

Thesister company of SOCAR (the state oil company of Azerbaijan), SOCAR Georgia Petroleum, has opened three new gas stations under the ‘SOCAR’ trademark in Georgia, meeting modern standards, Trend reports, citing a SOCAR press-release. The stations were opened in Gori, in the village of Fvirtli in the Kutais region and the region of Khashuri.The total number of gas stations trading under the SOCAR brand has reached 37.

Aviation management of UAE continues to fuel Iranian airplanes

The airport of Dubai (United Arab Emirates) is continuing to fueling Iranian airplanes, despite the introduction of new US sanctions against Tehran, RIA Novosti reports, citing France Press.The Iranian information agency ISNA cites spokesman of the Iranian Airlines Union, Mehdi Aliyari, that the airports of the UK, Germany and the UAE have refused to fuel Iranian airplanes due to the US sanctions.

Iran is incensed by airports refusing to fuel its airplanes

Iran willnot fuel planes on its territory that belong to the countries that refuse to fuel Iranian planes, according to the member of the Iranian parliamentary commission for national security and exterior policy, Khishmatulla Falakhatpishe, Trend reports, citing ISNA.He added that the planes of countries such as the UK, Germany, and the United Arab Emirates often carry out transit flights through Iran and that they should remember about the actions Iran may take in response.

Airports stop fueling Iranian airplanes

The airports of UK, Germany and United Arab Emirates stopped fuelingairplanes belonging to Iranian air companies due to new sanctionsagainst Iran, Gazeta.ru reports, citing Ynet.news. The Iraniansecretary of the air company guild, Mehdi Aliyari, said that theairplanes are either fueled in Iran or carry out forced landings inother countries.

Greek government approves Burgas-Alexandrupolis oil pipeline project

The Greek government has approved a bill on constructing the oilpipeline Burgas-Alexandrupolis, providing land and compensation forthe land, Prime-TASS reports.The document will soon be considered by parliament. The owners of theland to be used for the pipeline will have to sell their land forconstruction and exploitation of the project.The land owners will receive 25% of the land price of this area.People that are not satisfied with this compensation can take theissue to court.

Iran open to uranium exchange based on Turkey, Brazil deal

Iran believes that a deal on uranium exchange reached with Turkey andBrazil should be the basis of fuel exchange, Foreign MinisterManushehr Mottaki said. He also said he believes that that theexchange process can continue if the USA, France and Russia form newproposals, Iran News reports.Russian Foreign Minister Sergey Lavrov proposed during his visit toIsrael on June 29 a meeting between experts from the USA, Russia, theIAEA and Iran on the issue of nuclear fuel supply for an Iranianresearch reactor.

‘Gazprom neft’ may join Anaran block project development

The oilcompany ‘Gazprom neft’ plans to have concluded thenegotiations by the end of summer on joining the project of developingthe Anaran block in Iran, which had been participated in by Lukoil,the head of Gazprom Alexander Diukov said, RIA Novosti reports.

Gutseriyev elected president of "Russneft"

Mikhail Gutseriyev has been elected the president of "Russneft", one of the ten biggest oil companies in Russia, RIA Novosti reports.Earlier he had spent a couple of years abroad because of a criminal case against him. In May he returned to Russia after the accusations were lifted.

Iran to clarify conditions for continuing negotiations

Tehran will tell the international community next week about the conditions for continuing negotiations on an Iranian nuclear program settlement with the mediators (Russia, China, USA, France, UK, Germany), Fars reports, citing Iranian President Mahmoud Ahmadinejad.Ahmadinejad said that UN Security Council is an unjust structure that must be replaced. He said that they are ready to continue talks with the six mediators, adding that Tehran wants its opponents to recognize the new resolution as a mistake.

Memorandum on Turkey-Greece-Italy pipeline signed

The memorandum on mutual understanding in constructing the Turkey-Greece-Italy pipeline, transporting Azerbaijani gas to Europe, has been signed in Ankara, Turkey. According to the Turkish Minister of Energy and Natural Resources Tanner Yildyz, construction should be completed in 2017, the pipeline will supply 11.6 billion cubic m of gas annually, ANS reports.

Turkey puts Azerbaijani gas price up to $300 per thousand cm

Turkey has increased the price of gas bought in Azerbaijan within theframework of the Stage-1 development of the 'Shakh-Deniz' project,1news.az reports, citing the Turkish newspaper 'Sabakh'. The price forone thousand cubic meters rose from $120 to $300.'Shakh-Deniz-2' gas will cost more.The price for gas transit along the Turkish territory will reach $45,making the Turkish profit from gas transit $300 million.

Iran seals contracts amounting to $21 billion

The Iranian authorities have signed contracts on development of theworld's largest gas-field "South Pars" amounting to $21 billion, Trendreports, citing Iranian media.Mahmoud Ahmadinejad called these deals "a new chapter in the historyof the Iranian oil industry", pointing out that the development of"South Pars" will be carried out using only Iranian technologies. TheIranian president also accused foreign companies of having violatedthe terms of previous contracts.

China and Kazakhstan agree on construction of second stage of pipeline

The Chinese National Gas Corporation and the Kazakh company "GazMunayGas" have signed an agreement on the construction of the second part of the China-Kazakhstan pipeline, ITAR-TASS reports.

Ukraine to buy Azerbaijani gas

According to the energy and fuel minister of Ukraine Yuriy Boyko, Kiev has held negotiations with its Azerbaijani partners, who are building a dry gas terminal in Georgia together with Romania and Bulgaria, RBK

Russia starts inspecting oil platforms in Caspian and Sakhalin

Russia's Federal Service for the Supervision of Natural Resource Usagestarted inspecting Caspian and Sakhalin oil platforms due to therecent accident in the Gulf of Mexico, Natural Resources Minister YuriTrutnev said at a meeting in the Moscow Region, RIA Novosti reports.A BP platform sunk near the U.S. state of Louisiana on April 22ndafter a 36-hour fire. The subsequent oil spill caused massive damageto Louisiana, Alabama, and Mississippi coastlines.

Gazprom discusses terms for GDF Suez, EdF to join pipeline projects

The head of Gazprom, Alexey Miller, discussed the terms for Frenchcompanies GDF Suez and EdF to take part in the 'Nord Stream' and'South Stream' projects, RIA Novosti reports, citing a statement bythe Russian energy giant.

Caspian Union

 Scientists from Caspian states have uncovered possibilities for the joint development and delivery of oil and gas to European markets.

Azerbaijan and Turkey sign gas agreement

"One more step has been made in the direction of the energy cooperation between our companies and our brotherly nations. The agreements signed today will permit the realization of new large-scale projects which can be compared with the already realized projects of the Baku-Tbilisi-Ceyhan oil pipeline and the Baku-Tbilisi-Erzrum gas pipeline " - Rovnag Abdullayev, the president of the Azeri state company GNKAR, said

‘Mir’ pipeline construction contract signed off in Iran

The deputy minister of oil and Director-General of the IranianNational Gas Company, Javad Ouji, said that the Board of Directors ofthe Iranian National Oil Company have ratified the contract onconstruction of the 'Mir' pipeline to export Iranian gas to Pakistan,priced at $7 billion, Iran News reports.A high-ranking delegation from the Pakistani Ministry of Oil andNatural Resources will arrive in Tehran for the signing.

Russia has independent position on Iran

The position of Russia on Tehran’s nuclear program is neitherpro-American, nor pro-Iranian, Russian Presidential Assistant SergeyPrikhodko said today, commenting on the critical declaration made byMahmudinejad on the possibility of supporting UN SC sanctions byRussia, Iran News reports.Prikhodko noted that any unpredictability, political extremism,non-transparency and inconsistency in making decisions concerning theinternational community are unacceptable to Russia.

USA and Armenia discuss nuclear security issues

The head of the US delegation to Armenia, special envoy of the US State Department Michael Stafford, appreciated the participation of Armenia in the program of joint efforts against the trafficking of nuclear and radioactive material, the press-service of the Armenian Foreign Ministry told New Armenia.The US delegation and heads of various Armenian agencies and departments discussed the process of program implementation in Yerevan. The program was signed by Armenia and the USA on 14th July 2008.

Dagestani president pays official visit to Baku

Magomedsalam Magomedov, the president of Dagestan, has arrived in Baku on an official visit, RIA Dagestan reports citing the press service of the president. He has had meetings with the speaker of the Mejlis of Azerbaijan, Oktay Asadov, and with the prime minister of the republic, Artur Rasi-Zade.The main topic of negotiations has been oil-drilling on Dagestani territory. The question of construction of a hydro-electric power station on the River Samur has also been discussed.

Iran cuts oil production

Sanctions and underinvestment have cut Iran's oil production capacity by at least 300,000 barrels per day, depriving the country of billions of dollars of revenues, reports Financial Times.The slow development of new oilfields and the poor condition of many existing wells have caused the fall, according to Iranian and western experts."Oil production capacity has dropped by probably about 300,000-400,000 bpd," said a former senior official in Iran's government. His figures were consistent with those of a western oil official.